Q3 2018: RICS UK Construction and Infrastructure …...2 Q3 2018: UK Construction and Infrastructure Market Survey ricsorgeconomics RICS Economics 2018 Q3 2018 Key indicators-60-40-20

Economics

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The results of the Q3 2018 RICS Construction and Infrastructure Market Survey point to a pick up in the pace of output growth across the sector. A net balance of +20% reported an increase in total workloads, which is up from the +15% recorded in the previous quarter. Workload and employment expectations for the year ahead have eased but remain generally positive, while the outlook for profit margins fell modestly for the first time in nearly seven years. As the deadline for a Brexit withdrawal agreement nears, businesses express heightened unease particularly with regard to the recruitment and retention of skilled workers.

The tone of the data in Q3 was positive across most sectors with both new work and R&M activity rising steadily. Private housing reported the strongest rise in workloads with 30% more respondents citing an increase rather than a decrease (compared to 25% in Q2). An improvement in sentiment was most notable in the infrastructure sector (+22%) which regained momentum after a dip in the previous quarter. Meanwhile, growth in activity across the private industrial and public non-housing categories improved modestly with net balances of 9% and 11%, respectively. A soft patch was most observable in public housing where the pace of workloads slowed from +12% to 7%, but in time this should be supported by the lifting of the HRA borrowing cap that was recently announced by Theresa May.

Within infrastructure, rail, roads and energy are the subsectors expected to see the strongest expansion in output over the coming twelve months. Following the go-ahead from Government on major projects such as Hinkley Point C, HS2, Crossrail and Heathrow it is likely that these are underpinning the growth as work starts to get underway. The government’s Industrial Strategy and Construction Sector Deal roll-out will include other projects that are expected to incorporate various aspects of digital techniques, modern methods of construction and whole life asset performance as well. The risks are that this growth will be highly dependent upon main works at just a few sites.

A less sanguine, and more uncertain, outlook for the economy as a whole has led to a reduced optimism for the construction sector over the year ahead. Even so, 33% more contributors expect activity to rise rather than fall, down from 41% in Q2, and a net balance of 25% foresee an increase in hiring.

When asked how business enquiries for new projects or

contracts have fared in the past three months, 24% more respondents reported an increase rather than a decrease (compared to 17% in the prior quarter). Capacity remains a constraint on activity, however, with 42% more surveyors having increased headcount in the past three months to support new work.

Higher input costs and a build-up of competitive bidding pressures now appear to be negatively impacting on profit margins with a net balance of -3% of contributors expecting a fall in margins over the coming year, the first decline in six years. At the same time, tender prices are expected to rise in both the building and civil engineering subsectors, with the former expected to face comparatively greater pricing pressures. Specifically, 61% more respondents believe tender prices will go up in the building category (rather than fall).

Financial constraints are reported by 75% of surveyors to be by far the most significant impediment to building activity (from 80% in Q2). Difficulties with access to bank finance and credit, along with cash flow and liquidity challenges, are often cited reasons alongside generally less favourable cyclical market conditions. When asked how credit conditions have changed over the past three months, 12% more respondents report a deterioration rather than improvement. This negative sentiment becomes even more protracted at the three and twelve month horizons as well.

Although industry and government aspire to move toward a more collaborative approach to the commissioning, design and delivery of construction projects, only 9% of surveyors are aware of the Project 13 programme launched last year to improve performance. More encouraging is that 54% of contributors either currently use or would like to know more about international standards such as ICMS.

In terms of geographical breakdown, workloads are now reported to be increasing across all regions, with a notable acceleration in the Midlands and East. While the pace of private housing activity was strongest outside of London and the Southeast, the industrial and infrastructure sectors in Scotland and Northern Ireland continued to contract. Since the start of 2018, the outlook on profit margins has been most stable in the Southwest and Wales (+12% in Q3) relative to a broad-based slowdown elsewhere. By way of contrast, this region is expected to experience the most pronounced deterioration in credit conditions over the coming year.

• Workloads continue to rise across all sectors and geographic regions as profit margins are squeezed• Infrastructure activity reaccelerates led by rail, roads and energy• New business enquiries and hiring increase despite tightening credit conditions• Awareness and interest of international standards such as ICMS is growing

Q3 2018: RICS UK Construction and Infrastructure Market Survey

Lead-up to Brexit adds to uncertain outlook ahead

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rics.org/economicsQ3 2018: UK Construction and Infrastructure Market Survey

© RICS Economics 2018 Q3 2018

Key indicators

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1995 1998 2001 2004 2007 2010 2013 2016

Net balance, %

Falling

RisingTotal Workloads

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10

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Insufficientdemand

Weatherconditions

Shortage oflabour

Shortage ofmaterials

Financialconstraints

Competition Planning &regulation

Q2 2018Q3 2018

% answering "yes"

Factors Limiting Building Activity

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5

10

15

20

25

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35

Great Britain London & SE SW & W Mid/EA North (NE,NW, YH)

Scotland Norther Ire.

Q2 2018Q3 2018

Net balance %Workloads - Regional Breakdown

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5

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15

20

25

30

35

40

Totalworkloads

Publichousing

Privatehousing

Privatecommercial

Privateindustrial

Infra Public non-housing

Q2 2018Q3 2018

Net balance %Workloads - Sector Breakdown

-80

-60

-40

-20

0

20

40

60

80

100

1999 2001 2003 2005 2007 2009 2011 2013 2015 2017

Workloads

Employment

Profit margins

Net balance %

Falling

Rising

Surveyor Expectations - 12 Months ahead

0

10

20

30

40

50

60

70

80

90

1998 2000 2002 2004 2006 2008 2010 2012 2014 2016

Quantity Surveyors

Trades

Other professionals

Bricklayers

% answering 'yes'

Skills Shortages

3



London

Andrew Christie, Borehamwood, Hertfordshire, Andrew Christie Associates, [email protected], 02038753363 - Brexit uncertainty and cuts by Government for social housing.

Bola Abisogun FRICS, London, Urbanis Limited, [email protected], 020 7608 0808 - Protracted uncertainty around BREXIT continues to proffer a decimation of current / secured workload and other commercial prospects.

Emil Odei MRICS, London, Skanska UK Plc, [email protected], 07985414421 - Lack of skilled resources is definitely an issue.

Florentino Bercasio MRICS, London, AECOM, [email protected], 07785515065 - The uncertainty with the Brexit agreement is one of the factors that is affecting our construction industry.

Guy Solway, London, Faithful + Gould, [email protected], 02071212014 - The overall building market is very apprehensive with regard to BREXIT, but all things considered fairly robust.

Mark Myers AssocRICS, London, M Myers PM Ltd, [email protected], 07557286979 - Lack of professional and trade skills in the commercial office market likely to be made more problematic with BREXIT and limits on immigration and labour movement.

Raymond Coppins MRICS, Ealing, London, Ealing Council - PSDU, [email protected], 02088258142 - Shortage of competant roofers in the summer months.

Richard Becksmith B.Sc. MRICS, Watford, Mapeley Estates, [email protected], 07980753836 - Post Brexit, certainty with EU supply chain and costs is a concern.

Richard Petterson MRICS, London, Hother Associates LLP, [email protected], 02089477999 - Planning delays and Brexit uncertainty continue to impact activity.

South East

Andrew Ayeni, Grays, UK Power Networks, [email protected], 07940770224 - Uncertainties surrounding Brexit affecting labour and government investments.

Keith Gale MRICS, Winchester, Hampshire County Council, [email protected], 01962 847271 - The continuing uncertainty over Brexit negotiations is affecting investment programmes for long term capital projects. Fluctuations in currency markets is also affecting base resources such as oil and bitumen based products,

Gordon Colbourne MRICS, Fareham, Daniells Harrison Chartered Surveyors, [email protected], 01329221199 - Planning consent still taking longer than acceptable. Materials and labour shortages still occur. Even fewer Europeans available to fill gaps in UK skilled labour. Quality of output of non-UK “skilled” labour is poor.

Jack Clements, Chislehurst, Keltbray, [email protected], 07809461987 - HS2 seems to require the construction industry to grow, and with relevant media coverage regarding the shortage of labour and increased costs, I am not sure how the industry will perform with HS2 and other projects running. Capacity remains a concern.

James Collins MRICS, Stansted, Grenville Construction Ltd, [email protected], 01278 647431 - Potentially Brexit could have a dramatic effect on construction output in the next 12 months.

Paul Dean MRICS, Kings Langley, Langley Construction Consultants Ltd, [email protected], 07872040999 - My clients are still asking for SMM7 and are slowing moving to NRM2. Very few have heard of ICMS at this time.

Peter Allen BSc, MRICS, MCIOB, Oxford, Oxford Brickwork Ltd, [email protected], 01865 865924 - Shortage of skilled bricklayers affecting productivity.

Robin Goddard BSc FRICS, Dorking, Brodie Plant Goddard, [email protected], 01306 887070 - There is a slow down in new instructions coming through, the reasons for which are unknown! However there still seems to be a degree of uncertainty about the future, especially in the health and public housing areas.

North East

Mohamed Haris Deen FRICS, Woolmer Green, Knebworth, Self Employed, [email protected], 01438815712 - Financial constraints and BREXIT uncertainties are causing investment concerns in the Industry.

Peter Carruthers, Newcastle upon Tyne, Summers Inman Construction & Property Consultants, [email protected], 01912841121 - The lack of clarity over Brexit terms continues and it is difficult to forecast how this will impact on the industry. It is not surprising that confidence levels appear fragile at times.

Stephen Whaley FRICS, Durham, Northumbrian Water Limited, [email protected], - Lots of private retail and educational construction spend in Durham.

North West

Andrew Webster FRICS, Rochdale, Calvert & Webster, [email protected], 01706 344 826 - The uncertainty about the Brexit deal is continuing to cause delay to projects.

Anthony Dillon, Manchester, Willmott Dixon Construction, [email protected], 01619473960 - The market remains buoyant with better contractors/supply chain being selective in opportunities they pursue. The fallout from Carillion demise is continuing to impact the market.

David Thoms, Lytham St Annes, Duxburys inc Peter Dawkins and Co, [email protected], 07513545139 - Slowing trends and uncertainty over finance Brexit confusing people; failure to commit.

Frederick John Austen FRICS, Congleton Cheshire, John Austen Associates td, [email protected], 01260 273908 - Increased house building affecting labour rates in other sectors.

Gary Bulloch MRICS, Manchester, Savills, [email protected], 01612777247 - Merry-go-round of management and senior contractor staff impacting on project delivery.

Gordon Clark FRICS, Carlisle, Johnstons Chartered Quantity Surveyors, [email protected], 01946 694970 - Continued uncertainty surrounding Brexit investment decisions is leading to delays in building investment decisions.

John Stockton AssocRICS, Preston, Hawthorn Estates NW Ltd, [email protected], 01772816220 - More trained operatives are required in the industry. Will Brexit impact on this?

Les Beardon FRICS, Ramsey, Paul Carey & Sons ltd, [email protected], 01624 818188 - We have experienced a tardiness in suppliers/merchants to return tender enquiries.

Nick Alston, Liverpool, Sainsburys, [email protected], 07836 503061 - Government needs to tax the internet companies to maintain a fair playing field with the retail sector.

Chartered Surveyor market comments

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Nick Wdowczyk MRICS, Huddersfield, Walker Sime Limited, [email protected], 01618729955 - Still uncertainty surrounding Brexit and the potential outcomes. This is a factor in Clients decision making on projects on whether to proceed or wait.

Yorkshire and Humberside

Alan Dickinson FRICS, Hull, Dukes Sutton & Dickinson, [email protected], 01482 657371 - Lack of Central Government interest.

Richard Batte, Wakefield, Assent Building Control Ltd, [email protected], 07815837110 - Shortage of experienced Building Control Surveyors.

Stanislav Andryszewski MRICS, Skipton, Craven District Council, [email protected], 07584023939 - Shortage of apprentices in the trades (bricklayers, plasterers) and graduate technical staff.

South West

Ed Vereker, Exeter, Savills, [email protected] - A lack of practicality and construction knowledge amongst conservation offices. A lack of clear direction in relation to Brexit and beyond March 2019 is hindering decision making on new build/major refurbishment projects.

Jestyn Coke, Blandford, A Jestyn Coke, [email protected], 01258 454029 - Having a project near the Hickley Power station has affected the general building availablity of builders as many have gone to work at the project.

Peter N Fell FRICS, Bath, Watson Bertram & Fell, [email protected], 01225337273 - Uncertainty due to the possibility of an unsatisfactory Brexit is depressing the outlook for property and construction.

Wales

Gareth Humphreys, Caernarfon, Gareth Humphreys Chartered Surveyor, [email protected], 07973 142301 - Lack of speed of

Government decision making.

Geraint Morgan MRICS, Bangor, Watkin Jones and Son Ltd, [email protected], 01248362516 - Planning still seems to be a hurdle in getting future schemes on site.

Mark Downner MRICS, Mold, WYG, [email protected], 01352 706207 - No major change in the last 3 months. Demand has generally been steady though we have noted an increase in bids for professional services for public housing in particular in the last month, suggesting construction activity is being programmed.

Steven Massie, Oswestry, SJM Surveyors, [email protected], 01691898560 - Inferior quality of Access road (A5) is a prime problem delaying improvments in area improvements

West Midlands

Alan Mudd BSC MRICS, Napton, Alan Mudd Associates Ltd, [email protected], 01926810677 - New housing.

Phil Hodges MRICS, Redditch, Ridgeways Chartered Quantity Surveyors, [email protected], 01527894514 - Confusion as to the likelihood of a downturn or not - do we believe the Press? Most of our clients are ploughing on with their property investments regardless of threats of such a downturn though.

East Midlands

Adrian Cox, Alfreton, Derbyshire, Waystone Limited, [email protected], 07703372151 - Uncertainty.

David Morris MRICS, Wellingborough, Tompkins Robinson Surveyors, [email protected], 01933 223307 - Strong demand for QS services across all sectors. Workload remains very buoyant.

Eastern

Annett Thompson, Ipswich, Concertus Design and Property Consultants, [email protected], 07917517235 - Huge shortage of bricklayers, steel and metal prices are going

up, and inflation is now being considered by contractors on fixed priced contracts.

Chris Keeble BScDipProjMan MRICS, Ipswich, Gill Associates, [email protected], 01473 214646 - Still very competitive fee levels. Planning delays are becoming a major issue and constraint.

Jonathan Nelson FRICS, Norwich, Richard Utting Associates LLP, [email protected], 01603611281 - Shortage of skilled professionals slowing business growth in the East.

Paul Smith, St. Albans, PQS Associates, [email protected], 07941784473 - Brexit and HS2 could change the situation.

RJ Franklin MRICS, Bedford, Robinson & Hall LLP, [email protected], 01234 352201 - Many contractors continue to be committed with longer lead-in start times for new projects. Shortages of labour and materials make it extremely challenging to manage projects.

Trevor J Agg, Ipswich, Concertus Design & Property Consultants Ltd., [email protected], 01473 316600 - Clients generally slow to order projects due to financial uncertainty over Brexit.

Scotland

Rod Shaw MRICS, Edinburgh, Thomson Gray, [email protected], 01312265076 - Business confidence amongst Scottish SME’s remains fragile given the continuing Brexit uncertainty and the likey negative impact on business activity of a no deal exit from the European Union.

Northern Ireland

Adrian Petticrew MRICS, Belfast, Kier Limited, [email protected], 02890834101 - Lack of a Local Executive at Stormont is really hampering investment strategy in Capital Works Projects at present and going forward. Civil Engineering and other Infrastructure Projects on hold.

George Williamson, Coleraine, Brian Canavan Associates, [email protected], 07775500377 - Current Planning policy in my local area was derived from a period when the construction and business/residential market was in a different place. There is no flexibility within the Policy to facilitate a complete change in the local market.

Gerard Lundy, Belfast, Graham, [email protected], 07818575575 - Northern Ireland is suffering from both a lack of devolved government and the uncertainty around Brexit. This has resulted in key projects being shelved and investment decisions for large scale public and private sector projects facing continued delays.

Harry Ferson MRICS, Belfast, Wyg, [email protected], 07714740865 - Lack of Assembly at Storment is the major downside issue for all of NI.

John Reid, Belfast, KS&P, [email protected], 07717725286 - The lack of an operating devolved government is hampering investment in large infrastructure projects

Michael McCaughey MRICS, Dungannon, M.J.McCaughey Ltd, [email protected], 028 87727270 - No local government.

Norman Lambe MRICS, Belfast, Earney Contracts ltd, [email protected], 02892638269 - Lack of local government and reduced government department expenditure.

Oliver Smith, Ballymena, SurveyLink [NI] Ltd, [email protected], 07890 555108 - Lack of Stormont Executive in Northern Ireland continues to have a significant negative impact on all areas of the construction industry

Chartered Surveyor market comments

5



London

Andrew Bailey MRICS, London, Colas Rail, [email protected], 07826 530519

Andrew Christie, Borehamwood, Hertfordshire, Andrew Christie Associates, [email protected], 02038753363

Andrew Coombe MRICS, Hornchurch, Arc Commercial, [email protected],

Andrew Gibson MRICS, Old Stratford, Transport for London, [email protected], 07709135393

Blair Murphy MRICS, London, Measom DryLine Ltd, [email protected], 07811214349

Bola Abisogun FRICS, London, Urbanis Limited, [email protected], 020 7608 0808

Chris Webster MRICS, London, Faithful+Gould, [email protected], 07774192593

Chris Whitehead, Chingford, Silverthorn Project Services Ltd, [email protected], 07740257777

Christopher Mills FRICS, Wrotham, Chris Mills Consulting Limited, [email protected], 07813036395

Christopher Skelt FRICS, Colchester Essex, Point 2 Surveyors, [email protected], 07850739270

Christopher Welch, London, G&T, [email protected],

Dereck Anthony MRICS, London, Rider Levett Bucknall, [email protected], 07767238315

Eileen Syrett, Cobham, D2b ltd, [email protected], 07725527272

Emil Odei MRICS, London, Skanska UK Plc, [email protected], 07985414421

Florentino Bercasio MRICS, London, AECOM, [email protected], 07785515065

Gareth Slocombe, London, Transport For London, [email protected], 07568102177

Georgia Bergesr, London, Mace Ltd., [email protected], 07446046085

Guy Solway, London, Faithful + Gould, [email protected], 02071212014

Ian Thompson BSc FRICS, Heathfield, Trevaskis Consulting Ltd, [email protected], 07973 655358

James Brannigan, London, Rusupo Ltd, [email protected], 07879630680

James Studman, London, Payhall Consulting Limited, [email protected], 07939 213 444

Jana Bartschova MRICS, London, SH, [email protected]

Jason Smith FRICS, High Wycombe, Costain, [email protected]

John Worgan MRICS, London, John Worgan Surveying Ltd, [email protected], 07850098335

Keir Sutton MRICS, London, Faithful & Gould, [email protected], 07803259942

Kevin Omar BSc MRICS, London, Prime Estates Property Management Ltd, [email protected], 02073557910

Kevin Wright, Thornton Heath, Kevin Wright & Co, [email protected], 02086537770

Louisa Reynolds MRICS, London, Macegreen, [email protected], 07957771140

Luke Bowyer, Southend-on-Sea, Skanska, [email protected], 07455957766

Manjit Banga, London, Banga Ltd, [email protected], 07813874402

Mark Collings MRICS, London, MCC Surveyors, [email protected], 01923 631 037

Mark Myers AssocRICS, London, M Myers PM Ltd, [email protected], 07557286979

Mark Simmons MRICS, Reading, Advanta Global Services, [email protected], 0207 702 4000

Mathew Cribb MRICS, Liverpool / London, Collabora, [email protected], 07920118849

Matthew Secker, London, British Land, [email protected], 07584048451

Michael Bamber MRICS, London, Capita Real Estate and Infrastructure, [email protected], 07808 010198

Michelle Whieldon, London, Stace, [email protected], 07917626141

Neil Mangeolles, London, Balfour Beatty, [email protected]

Nigel Bellamy, London, 8build limited, [email protected], 07831 195879

Paul Sherwood MRICS, London, John Rowan and Partners, [email protected], 07866418080

Peter Alderman, Woking, Everyman Media Group, [email protected], 07714837264

Peter Bushnell, Olney, Peter Bushnell Associates, [email protected], 01234 714447

Raymond Coppins MRICS, Ealing, London, Ealing Council - PSDU, [email protected], 02088258142

Reece Costain, London, Gleeds Management Services, [email protected], 07718804149

Richard Becksmith B.Sc. MRICS, Watford, Mapeley Estates, [email protected], 07980753836

Richard Petterson MRICS, London, Hother Associates LLP, [email protected], 02089477999

Roy Welling, London, Roy Welling Associates, [email protected], 07940592456

Ryan Hogg MRICS, Hemel Hempstead, Trinity Estates, [email protected], 07870851657

Siew Cheung, chelmsford, Transport for London, [email protected]

Simon Barnard MRICS, London, GL Hearn, [email protected], 02078514904

Simon Beeley MRICS, London, Knight Frank, [email protected], 07989680353

Siobhan Wyatt, Winchester, Maggie’s Centres, [email protected], 07786251401

Stephen Lloyd MRICS, Rochford, Laing O’Rourke, [email protected], 07884 115195

Stuart Birrell, London, Murray Birrell Ltd, [email protected], 01689 898288

Tim Sketchley, London, Old Park Lane Management Limited, [email protected], 020 7409 7055

Tim Taylor FRICS, Bolton, Deacon and Jones, [email protected], 07970445689

Tim Young MRICS, London, John Rowan and Partners LLP, [email protected], 07970686905

Toby White MRICS, London, KLL, [email protected], 07748846149

Tom Yoxall, London, WxY London, [email protected], 07958451226

South East

Andrew Ayeni, Grays, UK Power Networks, [email protected], 07940770224

Arthur Sophocleous, Godalming, MEA Consultants, [email protected], 07841423793

Claire Charlton, Amersham, CORE CBS Limited, [email protected], 07909910971

David Coatham, Fordingbridge, Romans Surveyors, [email protected], 01425 650789

Contributor details

6



David Norris BA Hons, MRICS, Oxford, PSP Construction Consultants Limited, [email protected], 01865 883870

Derek Alder Assoc RICS, West Kingsdown, Churchgate Construction, [email protected], 07738611004

Keith Gale MRICS, Winchester, Hampshire County Council, [email protected], 01962 847271

Gordon Colbourne MRICS, Fareham, Daniells Harrison Chartered Surveyors, [email protected], 01329221199

Graham Bush, Eton Wick, FISco UK Ltd, [email protected], 07771586851

Ian Minty, Watford, Barton Minty, [email protected]

Jack Clements, Chislehurst, Keltbray, [email protected], 07809461987

James Collins MRICS, Stansted, Grenville Construction Ltd, [email protected], 01278 647431

James Way, Tadworth, Dixon Wright Building Consultants Ltd, [email protected], 07768 927667

Julian Stokes MRICS, Reading, Julian Stokes Management Ltd, [email protected], 0118 321 8293

M Spicer AssocRICS, Witney, Martin Spicer Consultancy Ltd, [email protected], 01993 700701

Mal Thomas, Christchurch, Castlemore Ltd, [email protected], 01202 486666

Mark Atkins, Chelmsford, CHP, [email protected], 01245 613093

Mark Belton MRICS, Surbiton, St Marys University, [email protected], 07872429975

Mark Richards, Oxford, Ridge and Patners LLP, [email protected], 01993815058

Michael Armstrong MRICS, Oxford, Capita Property & Infrastructure, [email protected], 01865 986591

Robert Smith, Caversham, Fw6064 Limited, [email protected], 00447917607533

Nick Wilson, Brighton, Network Rail, [email protected], 07713242170

Okon D Frank MRICS, Billericay, FrankONET Limited, [email protected], 07930910951

Oliver Cousins MRICS, London, Cumming Europe, [email protected], 02074902300

Paul Bayley Tech RICS FCIOB, Eton, Eton College, [email protected], 01753 370502

Paul Dean MRICS, Kings Langley, Langley Construction Consultants Ltd, [email protected], 07872040999

Paul Smith MRICS, Reading, Thames Water Utlities Ltd, [email protected], 07747640895

Paul Stephenson MRICS, Fareham, KSP Consultancy LLP, [email protected], 01489 578811

Peter Allen BSc, MRICS, MCIOB, Oxford, Oxford Brickwork Ltd, [email protected], 01865 865924

Philip Wiese MRICS, Ampthill, KAM Project Consultancy Ltd., [email protected], 07741634230

Richard Trotman MRICS, Banbury, Hadland Manning Bullock & Partners Limited, [email protected], 01295 731844

Robert Bathurst MRICS, Godalming, Drake & Kannemeyer LLP, [email protected], 01483425744

Robin Faithorn, Orpington Kent, Faithorn Farrell Timms LLP, [email protected], 01689885080

Robin Goddard BSc FRICS, Dorking, Brodie Plant Goddard, [email protected], 01306 887070

Ronke Adetunji, Watford, Cogent1 Ltd, [email protected], 07932074438

Simon Frost, Ipswich, Castons, [email protected], 07711597155

Stephen Taylor MRICS, Taylor Associates (UK) Ltd, [email protected], 01227 457 471

Steve Adams, Southampton, Adams Bartlett Kelly Ltd, [email protected], 07738882969

Stuart anderson, Southampton, Southampton City Council, [email protected], 02380917565

Tim Allen MRICS, Thames Ditton, Denton Homes Limited, [email protected], 0208 3987575

Tim Barlow MRICS, London, Network Rail, [email protected], 07766207953

Yvonne Daley, Woking, Kudos Property Consulting Ltd, [email protected], 07578725015

North East

Andrew Fradgley MRCIS, Newcastle Upon Tyne, Thornton-Firkin LLP, [email protected], 01912327318

Colin Anderson, Newcastle Upon Tyne, Todd Milburn Partnership, [email protected], 07584494487

Darrin Marshall MRICS, Chester-le-Street, Lumsdon Wood Partnership, [email protected], 07753742936

Elizabeth Taylor, Stockton on Tees, Turner & Townsend Cost Management Ltd, [email protected], 01642 611116

Eric Bagley, Gateshead, Gateshead Council, [email protected], 01914332942

Marc Rutterford, Durham, Atorus Consult, [email protected], 0191 909 7091

Mohamed Haris Deen FRICS, Woolmer Green, Knebworth, Self Employed, [email protected], 01438815712

Neil Worland, Middlesbrough, Neil Worland Partnsership, [email protected], 01642324519

Peter Carruthers, Newcastle upon Tyne, Summers Inman Construction & Property Consultants, [email protected], 01912841121

Sean McKeon MRICS, Newcastle Upon Tyne, Artis Consulting Ltd, [email protected], 07852273665

Simon Knox MRICS, Newcastle, Bam Construction, [email protected], 0191 487 4897

Stephen Whaley FRICS, Durham, Northumbrian Water Limited, [email protected]

North West

Adrian Pollock, Liverpool, ARP Building Consultancy Ltd, [email protected], 01516013658

Alison Collins MRICS, Warrington, AKC Collins Ltd, [email protected], 07905 126117

Andrew John Truelove, Ruthin, Pickstocka homes, [email protected], 07890921655

Andrew Webster FRICS, Rochdale, Calvert & Webster, [email protected], 01706 344 826

Anthony Dillon, Manchester, Willmott Dixon Construction, [email protected], 01619473960

Antony Butterfield MRICS, Manchester, Arcadis, [email protected], 07917307787

Bryan Roberts MRICS, Liverpool, Ridge LLP, [email protected], 0151 236 0946

Colin Barry MRICS, Liverpool, Markhams, [email protected], 07894311001

David Thoms, Lytham St Annes, Duxburys inc Peter Dawkins and Co, [email protected], 07513545139

Contributor details

7



Frederick John Austen FRICS, Congleton Cheshire, John Austen Associates td, [email protected], 01260 273908

Francis Mattathil, Prescot, Faithful & Gould, [email protected]

Gary Bulloch MRICS, Manchester, Savills, [email protected], 01612777247

Gordon Clark FRICS, Carlisle, Johnstons Chartered Quantity Surveyors, [email protected], 01946 694970

John Barber, Workington, SWH Chartered Surveyors, [email protected], 01900 65475

John Stockton AssocRICS, Preston, Hawthorn Estates NW Ltd, [email protected], 01772816220

Les Beardon FRICS, Ramsey, Paul Carey & sSons ltd, [email protected], 01624 818188

Mark Anderson, Liverpool, Turner & Townsend, [email protected], 07502315442

Mark Prendergast, Runcorn, Halton Borough Council, [email protected], 07857322742

Michael Baldwin mrics, Wigan, Buckingham group contracting, [email protected],

Michael Hornby LLB, FCILA, FRICS, Lytham, Michael Hornby Consultants Ltd, [email protected], 07946373034

Neil Richardson MRICS, Workington, Ashcroft Plant (Cumbria) Limited, [email protected], 01900 812228

Niall Holland MRICS, San Francisco, Turner & Townsend, [email protected], +1 (415) 489 1600

Nick Abbott FRICS, Manchester, Simon Fenton Partnership, [email protected], 0161 827 7878

Nick Alston, Liverpool, Sainsburys, [email protected], 07836 503061

Nick Wdowczyk MRICS, Huddersfield, Walker Sime Limited, [email protected], 01618729955

Oliver Thomas, Manchester, CBRE Ltd, [email protected], 07540818827

PAul Cartner AssocRICS, Carlisle, Baker Mallett LLP, [email protected], 0194666377

Paul Chadwick, Oswestry, Foundation Piling Ltd, [email protected], 07891568804

Philip Hacking ARICS, Bromborough, PRH Estimating, [email protected], 07502331601

Richard Barnes FRICS, Manchester, Vinden, [email protected], 07958996375

Steve Aikman, Preston, Rider Levett Bucknall, [email protected], 07966982010

Steven Brown MRICS, Manchester, GVA, [email protected], 0161 956 4313

Steven John Banks, MRICS, Wigan, SJB Projects Ltd, [email protected], 07795 625314

Terry Carnes, Manchester, , [email protected], 07850519903

Tim Marshall, Warrington, T J Marshall Consultancy Ltd, [email protected], 07572 437746

Yorkshire and Humberside

Alan Dickinson FRICS, Hull, Dukes Sutton & Dickinson, [email protected], 01482 657371

Alastair Kennedy, Sheffield, Castle Owen, [email protected], 07931 931 628

Chris Pearcey, Leeds, Christopher Smith Associates LLP, [email protected]

Colin France FRICS, Shipley, Batty France, [email protected], 07860961963

Daniel Salisbury MRICS, York, SASS UK (Surveying & Sustainability Services), [email protected], 07739129070

David Battell, Sheffield, The Sheffield College, [email protected], 01142602646

David Hewitt, Grimsby, Hewitt Associates Ltd, [email protected], 07758782705

Gordon Firth FRICS, Barnsley, Firth Partnership, [email protected], 01226 206021

James Almond MRICS, Leeds, P+HS Architects, [email protected], 07715641022

John M English MRICS, Beverley, John English, [email protected], 01482 887474

Karen Milner MRICS, Leeds, MAW Consulting, [email protected], 0113 3868877

Marcus Lidster MRICS, Whitby, Mulgrave Estate, [email protected], 01947 893239

Mark Alcock, Leeds, Colliers International, [email protected], 01132001800

Mark Wall MRICS, Sheffield, Dendale Ltd, [email protected], 07714152516

Martin Sloan, Leeds, Currie & Brown, [email protected], 07775777611

Michael Stewart MRICS, Sheffield, Babcock International Group, [email protected], 07957180338

Nick O’Leary MRICS, Leeds, Faithful+Gould, Nick.O’[email protected], 01133 066 031

Paul Arrandale, Bradford, Arrandale & Associates, [email protected], 01274 588755

Peter Fountain, York, Network Rail, [email protected], 07850932632

Philio Wigham, York, Align Property Partners, [email protected], 01347810084

Richard Batte, Wakefield, Assent Building Control Ltd, [email protected], 07815837110

Richard Webster, Harrogate, DKP Consulting, [email protected], 01423 870890

Stanislav Andryszewski MRICS, Skipton, Craven District Council, [email protected], 07584023939

Stephen Brigg MRICS, Bradford, Michael Eyres Partnership LLP, [email protected], 01274 480011

Stewart Nicholson MRICS, Kingston upon Hull, NPS Humber Ltd, [email protected], 01482 816160

Thomas Birkin, Kingston upon Hull, Kingstown Works Limited, [email protected], 01482 614099

South West

Andrew Bosman MRICS, Bristol, AECOM, [email protected]

Andrew McNeile MRICS, Cheltenham, Gleeds Energy, [email protected], 01452 596451

Andy Smith, Gloucester, Snape Contracting Services Ltd, [email protected], 01242662532

Anthony Brooks MRICS, Chew Magna, Chilworth Construction Management Ltd, [email protected], 07827321142

Arron Howell MRICS, Bristol, AECOM, [email protected], 01179017000

Christopher Veysey BSc MRICS, Newton Abbot, Christopher Veysey, [email protected], 07872188549

Clare Nugent MRICS, Bristol, LED Architects, [email protected], 07764495233

David Lake, Gunnislake, David Lake BSc MRICS, [email protected], 01822 834218

David Perry MRICS, Redruth, Wm G Weller & Son Ltd, [email protected], 01209 215621

Ed Vereker, Exeter, Savills, [email protected]

Contributor details

8



Gary Angove AssocRICS, Cheltenham, Cheltenham Borough Council, [email protected]

Gary Taylor MRICS, Exeter, The Robinson White Partnership, [email protected], 07747024219

Godfrey Tarling, Cheltenham, Cotswold Surveyors Ltd, godfreytarling@Cotswoldsurveyors co.uk, 07969211611

Greg Auld, Bournemouth, Bournemouth University, [email protected], 01202962088

Ian Fake MRICS, Bristol, Republica, [email protected], 01934 733430 / 07812 241284

Jake Stephenson, Bristol, CBRE Ltd, [email protected], 07850721929

Jestyn Coke, Blandford, A Jestyn Coke, [email protected], 01258 454029

John C M Hart FRICS, Torquay, [email protected], 01803 297656

John Mullen MRICS, Bath, John Mullen Building Surveying, [email protected], 07971244072

John Robbins, Bristol, Leslie Clark, [email protected], 0117 973 8195

Julian Kinder MRICS, Bournemouth, McCarthy & Stone, [email protected], 01202 362203

Lidia Bosa, Bridgewater, EDF Energy, [email protected], 07799362828

Nathan Cole MRICS, Trowbridge, Tremain Powell Partnership, [email protected], 07875 286322

Nick Coombes MRICS MCInstCES, Glastonbury, Amco-Giffen, [email protected], 07910 344033

Paul Bridges MRICS, Bristol, Leslie Clark, [email protected], 01179738195

Peter N Fell FRICS, Bath, Watson Bertram & Fell, [email protected], 01225337273

Robert Sandrey MRICS, Keynsham, Wessex Water, [email protected], 01178961622

Robin Badham, Bristol, Ridge and Partner LLP, [email protected], 01275 813500

Steve Nightingale, Bristol, Bloq Management Services Limited, [email protected]

Toby Welstead, Bournemouth, RPS, [email protected], 01202208000

Trevor Barfoot, Paignton, Aspectum Chartered Building Consultancy, [email protected], 01803559455

Wales

Alan Davies, Bodelwyddan, Wynne Construction, [email protected], 01745586666

Allen R Alcock MRICS, Haverfordwest, W B Griffiths & Son Ltd, [email protected]

Craig Buck MRICS, Bethel, Conwy County Borough Council, [email protected], 07881 580021

Dafydd Brown MRICS, Cardiff, LCB Construction Limited, [email protected], 07737207804

Edmund Campion MRICS, New Port, Principality Building Society, [email protected], 07734437463

Gareth Harris, Cardiff, Strongs, [email protected], 07590003123

Gareth Humphreys, Caernarfon, Gareth Humphreys Chartered Surveyor, [email protected], 07973 142301

Gary Hobbs MRICS, Cardiff, Paramount Interiors, [email protected], 07725 810684

Gary Williams MRICS, Conwy, G Williams, [email protected]

Geraint Morgan MRICS, Bangor, Watkin Jones and Son Ltd, [email protected], 01248362516

Ian Bolt, Cardiff, Mott MacDonald, [email protected], 02920 467874

Jason Hyett, Cardiff, Rightacres, [email protected], 07788210965

John Allen MRICS MCIOB, Carmarthen, AECOM, [email protected], 07921584042

John Pugh FRICS, Ruthin, John Pugh Chartered Building Surveyor Conservation, [email protected], 01824703074

Mark Downner MRICS, Mold, WYG, [email protected], 01352 706207

Neal Cockerton, Nantwich, Flintshire County council, [email protected]

Niall Sloan, Cardiff, Faithful+Gould, [email protected]

Nicholas Jones MRICS, Wrexham, Wrexham County Borough Council, [email protected], 01978292564

Phillip Thomas AssocRICS, Cardiff, JN Bentley Ltd, [email protected], 07816457168

Richard Broughton, Colwyn Bay, Richard M Broughton Ltd, [email protected], 01492 533849

Steven Massie, Oswestry, SJM Surveyors, [email protected], 01691898560

Tom Fountain, Llandudno, T H F Building Surveyors Ltd, [email protected],

West Midlands

Alan Colemeadow, Birmingham, Glade Associates Quantity Surveying Ltd, [email protected], 07966 498259

Alan Mudd BSC MRICS, Napton, Alan Mudd Associates Ltd, [email protected], 01926810677

Albert Barclay FRICS, Birmingham, Dawnus Construction Holdings Ltd, [email protected]

Angela Daitey-Ho MRICS, Tamworth, Acquie Consulting, [email protected], 07738741208

Anish Chhatralia, Birmingham, Faithful+Gould, [email protected], 07718785237

Anthony Underwood, Solihull, GFL Ltd, [email protected], 07984444445

Balvinder Sagoo BSc (Hons) MRICS, Birmingham, BOAZ Real Estate, [email protected], 07484791950

David Pell MRICS, Dudley, David Pell Quantity Surveyor, [email protected], 07763461841

David Shakeshaft, Birmingham, Constructing Systems Limited, [email protected], 07768600827

Frederick William Taylor FRICS, Oldbury, Fred Taylor Consultancy, [email protected], 0121 544 6658

Henry Huntley BSc FRICS MCIArb, Rugby, Henry Huntley Limited, [email protected], 07825519631

James Boagey, birmingham, Marriott, [email protected]

Lee Atterbury, Solihull, Villa Surveying Ltd, [email protected], 07891 886548

Matthew Watkins MRICS, Stoke-on-Trent, Prosurv Consult, [email protected]

Paul Beeston FRICS, Birmingham, Rider Levett Bucknall, [email protected], 0121 503 1500

Paul Stone, Sutton Coldfield, Chalcroft, [email protected], 07527189614

Peter Griffin MRICS, Birmingham, Nicol Thomas, [email protected], 01902 398222

Phil Clee MRICS, Birmingham, VINCI Construction UK Ltd., [email protected], 07816515335

Contributor details

9



Phil Hodges MRICS, Redditch, Ridgeways Chartered Quantity Surveyors, [email protected], 01527894514

Sean Armer MRICS, Burntwood, WSP, [email protected], 09748 567475

Simon Garrad MRICS, Birmingham, Birmingham City Council, [email protected], 07747866354

Stephen Joyce, Coventry, Network Rail, [email protected], 07786732615

Toby Bowser, Birmingham, Malcolm Hollis, [email protected], 07551 152 678

Tracy Markham, Balsall common, TM Building Surveyors Ltd, [email protected]

William Crosby MRICS, Birmingham, Sigma Surveying Services, [email protected], 07899934841

East Midlands

Adrian Charles Greves MRICS, Nuneaton, Connells, [email protected], 07742277251

Adrian Cox, Alfreton, Derbyshire, Waystone Limited, [email protected], 07703372151

Andrew Maude MRICS, Nottingham, Cushman & Wakefield, [email protected], 07771 604573

David Limb MRICS, Newark, Cynergi Ltd., [email protected], 01636605324

David Morris MRICS, Wellingborough, Tompkins Robinson Surveyors, [email protected], 01933 223307

Jonathan English MRICS, Nottingham, Jonathan English Associates Chartered Surveyors, [email protected], 07732332308

Mark O’Neill MRICS, Milton Keynes, KAM Project Consultants Limited, [email protected], 01908 662021

Paul Bayliss MRICS, Leicester, PSB Consultancy & Design Ltd, [email protected], 01858 486765

Paul Clarkson MRICS FCIOB, Nottingham, AMBA Estates Lyd, [email protected], 07496679953

Paul Harvey, Nottingham, Appleyard & Trew LLP, [email protected], 0115 8411700

Philip Banner AssocRICS, Derby, Network Rail, [email protected]

Robert Walker, Leicestershire, Walker Building Solutions, [email protected], 01530411949

Steven Collishaw, Nottingham, Scape Group, [email protected], 0115 852 3814

Eastern

Alex Howden MRICS, Cambridge, Gleeds, [email protected], 01223 488600

Alfred Norman MRICS, Letchworth Garden City, Saudi Diyar Consultants, [email protected]

Annett Thompson, Ipswich, Concertus Design and Property Consultants, [email protected], 07917517235

Anthony Holden, Cambridge, AECOM, [email protected], 07515609410

Chris Keeble BScDipProjMan MRICS, Ipswich, Gill Associates, [email protected], 01473 214646

Colin Spence MRICS, Hitchin, Robert Lombardelli Partnership, [email protected], 01462436318

Geoffrey Claughton, Pleshey, Geoffrey Claughton MRICS Ltd, [email protected], 07880960127

Ian Currie, Billericay, Retired, [email protected], 01277 625224

Ian J Purser, Huntingdon, VIP Consultancy Limited, [email protected], 01480 426555

Jonathan Nelson FRICS, Norwich, Richard Utting Associates LLP, [email protected], 01603611281

Keith Cowley MRICS, Cambridge, Capita Real Estate & Infrastructure, [email protected], 01223 799000

Nigel Carter, Essex, , [email protected]

Oliver goodson, Norwich, Bs Initiative, [email protected], 0779472981

Paul Smith, St. Albans, PQS Associates, [email protected], 07941784473

Peter Dring MRICS, Ipswich, Castons, [email protected], 01473 257586

Peter Harper FRICS, Ipswich, Peter G Harper Associates Ltd, [email protected], 07887628439

RJ Franklin MRICS, Bedford, Robinson & Hall LLP, [email protected], 01234 352201

Suzanne Sewell, Norwich, UEA, [email protected], 01603 593180

Tafadzwa Chisambara, Cambridge, Bidwells LLP, [email protected], 07468726921

Trevor J Agg, Ipswich, Concertus Design & Property Consultants Ltd., [email protected], 01473 316600

Scotland

Alexander Millar, Greenock, Millar Surveying Services, [email protected], 01475 745555

Brian Horsburgh FRICS, Glasgow, Binnie Murray and Hutton, [email protected], 07769655077

Charles Barrett, Glasgow, Barrett Commercial Management, [email protected], 07785387091

Christopher Balloch, Glasgow, Roadbridge, [email protected], 07817603885

Christopher Ross MRICS, Glasgow, JC+P, [email protected], 0141 221 6607

David Cameron MRICS, Edinburgh, University of Edinburgh, [email protected], 01316509120

David Todd MRICS, Wemyss Bay, KKSL Ltd, [email protected], 01475329619

Gavin Caird MRICS, Auchterarder, Sir Robert McAlpine Ltd, [email protected], 07712 855326

Ian Arbuckle MRICS, Glasgow, Capita Property and Infrastructure, [email protected], 01412853622

Jim Sneddon, Edinburgh, Summers Inman, [email protected]

John A. Cameron FRICS, Edinburgh, Retired, [email protected], 01313361815

John Barnard, Glasgow, Balfour Beatty, [email protected]

Kevin Branniff MRICS, Glasgow, Branniff Joinery Ltd, [email protected], 07595986475

Ramsay Blair MRICS, Alloa, Amey Highways Ltd., [email protected], 07835100844

Rod Shaw MRICS, Edinburgh, Thomson Gray, [email protected], 01312265076

Stephen Daniels MRICS, Glasgow, MB Langmuir & Hay (UK) Ltd, [email protected], 01413326266

Susan Wilson MRICS, Stonehaven, Robertson Construction Eastern Limited, [email protected], 01224 788300

Thomas Brannan, New Providence, Aristo Development, [email protected], 242 376 7838

Tom Wistuba, Glasgow, East Renfrewshire Council, [email protected], 0141 577 3243

Contributor details

10



Northern Ireland

Adrian Petticrew MRICS, Belfast, Kier Limited, [email protected], 02890834101

Anthony O’Donnell MRICS, Dublin, JV Tierney, [email protected], 00353857371014

Danny Bonner MRICS, Eglinton, Londonderry, Blas - Bonner Loss Assessing & Surveying, [email protected], 07855329348

Declan Canavan MRICS, Armagh, Floorform Ltd, [email protected], 07768978926

Derek Wilson MRICS, Magherafelt, FP McCann, [email protected], 028 79642558

Fiona McAnulty, Newry, Fiona McAnulty, [email protected], 07752528738

Garfield Armstrong, Portadown Craigavon, Garfield Armstrong & Sons, [email protected], 7595391969

George Williamson, Coleraine, Brian Canavan Associates, [email protected], 07775500377

Gerard Lundy, Belfast, Graham, [email protected], 07818575575

Hans Stauch, Holywood, CPD, [email protected], 028 90809022

Harry Ferson MRICS, Belfast, Wyg, [email protected], 07714740865

James Wright, Belfast, James Wright - Chartered Building Surveyor, [email protected], 07751533598

John Kearney MRICS, Coleraine, Ivan Scott Associates Ltd, [email protected], 02870357066

John Lynch MRICS, Belfast, John Lynch Associates Ltd, [email protected], 02890820909

John Reid, Belfast, KS&P, [email protected], 07717725286

John Taggart, Belfasst, Stevenson Munn Expert Witness Services Limited, [email protected], 07836604899

Michael Creed, Belfast, WH Stephens, [email protected], 02890663123

Michael McCaughey MRICS, Dungannon, M.J.McCaughey Ltd, [email protected], 028 87727270

Norman Lambe MRICS, Belfast, Earney Contracts ltd, [email protected], 02892638269

Oliver Smith, Ballymena, SurveyLink [NI] Ltd, [email protected], 07890 555108

PD Lynch BSC MRICS, Belfast, Lagan, [email protected], 07740974646

Sean Brennan, Belfast, Whitemountain, [email protected], 028 9250 1000

Stephen John Weatherup, Belfast, SJ Weatherup, [email protected], 07712935516

Contributor details

11



MethodologyAbout:The RICS Construction and Infrastructure Market Survey is a quarterly sentiment survey of Chartered Surveyors who operate in the UK. Total responses in Q3 2018 = 327

Regions:• The ‘headline’ national readings cover Great Britain.• Specifically the 5 regions that make up the national readings are: 1) London

and South East 2) South West/Wales 3) Midlands/East Anglia 4) North West/ North East/ Yorks & Humber and 5) Scotland, with the data on Northern Ireland not included in the headline figure.

• The national data is regionally weighted.

Questions asked:1. Which area are you completing the survey for?1b. How has the overall level of new orders changed over the last three months?2. With regards to infrastructure, how have workloads changed across the following sub sectors over the last three months?3a. Which infrastructure subsector do you think will see the strongest growth in output over the coming 12 months?3b. Regarding the infrastructure sector, what type of investment is most needed in your area?4. How has the total level of New and R&M workloads changed over the last three months?5. Have any of the following factors impacted building activity over the last three months?5b. Which segment of the market do you feel is most impacted by constraints on financing?6. What are your company’s expectations in each of the following areas over the next 12 months?7. At what level of capacity is your business currently operating? (as a % of full capacity)8. Has your company (or your contractors) experienced skills shortages in the latest three months for the following occupations:9. What are your company’s expectations for tender prices in each of the following areas over the next 12 months?

Net balance data:• Net balance = Proportion of respondents reporting a rise in prices

minus those reporting a fall (if 30% reported a rise and 5% reported a fall, the net balance will be 25%).

• The net balance measures breadth (how widespread e.g. price falls or rises are on balance), rather than depth (the magnitude of e.g. price falls or rises).

• Net balance data is opinion based; it does not quantify actual changes in an underlying variable.

• Net balance data can range from -100 to +100.• A positive net balance implies that more respondents are seeing increases

than decreases (in the underlying variable), a negative net balance implies that more respondents are seeing decreases than increases and a zero net balance implies an equal number of respondents are seeing increases and decreases.

• Therefore, a -100 reading implies that no respondents are seeing increases (or no change), and a +100 reading implies that no respondents are seeing decreases (or no change).

• In the case of the RICS price balance, a reading of +10 should not be interpreted as RICS saying that house prices are going up by 10%, but that 10% more surveyors reported increases rather than decreases in prices

(over the last three months).• A change from +30 to +60 does not mean that the variable grew by 30% in

one period and by 60% in the next period, but it does indicate that twice as many surveyors reported an increase compared to a decrease than in the previous period.

• Likewise, if we get a reading dropping from +90 to +5, this still means that more respondents are reporting increases than decreases overall, but the breadth of those reporting increases has fallen dramatically; meanwhile, a shift in the reading from -90 to -5 still means that more respondents are reporting decreases than increases overall, but the breadth of those reporting decreases has fallen dramatically.

ContactsJeffrey MatsuSenior Economist+44(0)20 7695 [email protected]

rics.org

Confidence through professional standardsRICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards – bringing confidence to the markets we serve.We accredit 118,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation and real estate management; the costing and leadership of construction projects; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.

We believe that standards underpin effective markets. With up to seventy per cent of the world’s wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.

With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.

We are proud of our reputation and we guard it fiercely, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.

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Documents

Q3 2018: RICS UK Construction and Infrastructure …...2 Q3 2018: UK Construction and Infrastructure Market Survey ricsorgeconomics RICS Economics 2018 Q3 2018 Key indicators-60-40-20